Search Results for: Credit card
FCA launches call for input on high-cost credit and overdrafts
November 29th, 2016
Since taking over regulation of consumer credit in April 2014, the FCA has focused on products that it believes pose the highest risks to its consumer protection objective. One area of focus has been high-cost credit, which includes payday ...
Credit Suisse Faces Tax Probe Over Undeclared Accounts
November 22nd, 2016
U.S. asks why bank didn’t reveal ‘toxic’ assets, people say Bank paid record fine in 2014 for helping Americans skirt IRS When Credit Suisse AG pleaded guilty in 2014 to helping Americans cheat on their taxes, it promised to help the ...
LendingTree Acquires CompareCards
November 18th, 2016
LendingTree, Inc. (NASDAQ: TREE) announced that it has acquired Iron Horse Holdings, LLC, which does business under the name CompareCards. CompareCards is a leading online source for side-by-side credit card comparison, comprehensive credit education and credit health management. CompareCards provides ...
MasterCard sued for £14bn in largest ever British legal claim
September 9th, 2016
MasterCard ‘firmly disagree’ with allegations in landmark case of overcharging 46m UK customers for card fees Credit card group MasterCard is being sued for £14bn, the largest legal claim in British history, in a landmark lawsuit over allegations that ...
MasterCard reports Second Quarter 2016 net revenue increase of 13%
July 29th, 2016
Second-quarter net income of $983 million, including a special item, or $0.89 per diluted share Second-quarter net income of $1.1 billion, excluding a special item, or $0.96 per diluted share Second-quarter net revenue increase of 13%, to $2.7 billion Second-quarter gross dollar volume up 11% and ...
MasterCard Announces Acquisition of VocaLink
July 22nd, 2016
MasterCard Incorporated (NYSE: MA) today announced that it has entered into a definitive agreement to acquire 92.4 percent of VocaLink Holdings Limited for about £700 million (approximately US$920 million), after adjusting for cash and certain other estimated liabilities. VocaLink’s ...
Polish online electronic payments firms Dotpay and eCard merge
July 19th, 2016
Dotpay and eCard, MCI.EuroVentures fund portfolio companies, fast growing agents specialising in online electronic payments, are to join forces. The company established as a result of their integration aims to become a leader of payment services in the e-commerce ...
MasterCard was ordered to pay Sainsbury $90.8 million in fee case
July 15th, 2016
MasterCard Inc. was ordered to pay U.K. supermarket chain J Sainsbury PLC 68.6 million pounds ($90.8 million) because fees it passed on to the grocer were too high, a London judge ruled. The lawsuit concerned interchange fees that are ...
Wirecard integrates Apple Pay as a new payment method in Switzerland
July 8th, 2016
Apple Pay integration in the Wirecard Mobile SDK Wirecard, the leading payment service provider, will offer its customers Apple Pay, which is transforming mobile payments with an easy, secure and private way to pay that’s fast and convenient when ...
S&P downgrades Australia’s credit on deficit worries
July 7th, 2016
Global ratings agency Standard & Poor’s downgraded Australia’s sovereign credit rating outlook to AAA negative from AAA stable on Thursday, warning that the country’s path back to budget surpluses is in danger. “We are revising the rating outlook on ...
